Shares of Trex Company Inc (NYSE:TREX) reached a new 52-week high on Friday . The stock traded as high as $90.14 and last traded at $89.62, with a volume of 59594 shares traded. The stock had previously closed at $89.01.

A number of equities research analysts have weighed in on the company. Sidoti cut Trex from a “buy” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Tuesday, August 6th. They noted that the move was a valuation call. Stephens set a $90.00 price target on Trex and gave the stock a “hold” rating in a research note on Wednesday, July 31st. SunTrust Banks upped their price target on Trex to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. William Blair began coverage on Trex in a research note on Thursday, August 22nd. They set an “outperform” rating for the company. Finally, Berenberg Bank restated a “buy” rating and set a $80.00 price target on shares of Trex in a research note on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.78.

The company has a debt-to-equity ratio of 0.09, a current ratio of 3.51 and a quick ratio of 2.99. The company has a 50-day moving average price of $82.15 and a 200-day moving average price of $72.23. The firm has a market capitalization of $5.12 billion, a PE ratio of 38.14, a P/E/G ratio of 3.71 and a beta of 1.99.

Trex (NYSE:TREX) last released its earnings results on Monday, July 29th. The construction company reported $0.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. Trex had a return on equity of 35.94% and a net margin of 17.61%. The firm had revenue of $206.45 million for the quarter, compared to the consensus estimate of $201.70 million. During the same period in the prior year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts predict that Trex Company Inc will post 2.36 earnings per share for the current fiscal year.

In other Trex news, VP Christopher Paul Gerhard sold 9,724 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $81.10, for a total transaction of $788,616.40. Following the transaction, the vice president now owns 25,810 shares of the company’s stock, valued at approximately $2,093,191. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jay T. Scripter sold 25,758 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $69.15, for a total value of $1,781,165.70. Following the transaction, the vice president now directly owns 573 shares in the company, valued at approximately $39,622.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,330 shares of company stock worth $5,087,092. 0.93% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of TREX. Parametrica Management Ltd acquired a new stake in Trex in the 1st quarter valued at about $281,000. Landscape Capital Management L.L.C. acquired a new position in Trex in the 2nd quarter worth approximately $4,298,000. Motley Fool Asset Management LLC increased its holdings in Trex by 19.8% in the 1st quarter. Motley Fool Asset Management LLC now owns 35,582 shares of the construction company’s stock worth $2,189,000 after buying an additional 5,880 shares during the period. Timpani Capital Management LLC acquired a new position in Trex in the 1st quarter worth approximately $1,404,000. Finally, Retirement Systems of Alabama acquired a new position in Trex in the 2nd quarter worth approximately $11,224,000. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

Trex Company Profile (NYSE:TREX)

Trex Co, Inc engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products.

Recommended Story: How to read a candlestick chart

Receive News & Ratings for Trex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trex and related companies with MarketBeat.com's FREE daily email newsletter.